The Chinese leadership gets ready to implement its grand plan for 2018 and beyond

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The first session of the 13th National People's Congress (NPC) and the first session of the 13th National Committee of the Chinese People's Political Consultative Conference (CPPCC) – referred to as “Two Sessions”- was held in Beijing on 5-20 March 2018.

During the Two Sessions, the Communist Party of China (CPC) has outlined the government work plan for 2018, orchestrated the amendment to the country’s Constitution, managed the reshuffle of the Party and government organisations and appointed new heads of state and departments.

PwC has developed an in-depth review of the Two Sessions, including the business relevance for potential investors and corporations operating in China.

Overall, China’s commitments of pursuing supply-side reforms, opening up more sectors for participation of foreign and local private companies, lowering the cost of doing business, spurring innovation and improving the livelihood of the people are encouraging news for the business community.

The results of the Two Sessions, including a leaner and more efficient government, will help enhance political stability, improve commercial predictability and raise people’s confidence in doing business in China, as the country marches on its long journey to build it into a great modern socialist country by the middle of the 21st century as laid out in the 19th Party Congress and the Two Sessions.